WeWork India on Monday announced a board reshuffle, appointing Jitendra Mohandas Virwani, Chairman and Managing Director of Embassy Group, as Non-Executive Chairman, while Karan Virwani assumed an expanded role as Managing Director and CEO.
The company board has also added Mahua Acharya and Anupa Rajiv Sahney as Independent Directors. Acharya, former MD and CEO of Convergence Energy Services Ltd., brings expertise in electric mobility and climate finance. Meanwhile, Sahney, a corporate advisor, serves on advisory boards including the Harvard South Asia Institute.
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Adnan Ahmad, who is a member of the board of directors of WeWork Inc, has now joined the WeWork India board. Ahmad, also a Senior Advisor to Yardi Systems, replaces David Mayland, Vice President, Head of Corporate Development at WeWork Inc. Additionally, Manoj Kumar Kohli transitioned to the role of independent director on September 27, 2024, the company said.
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WeWork India operates as a separate entity from WeWork Inc., the global entity, with Embassy Group holding a 73% stake and WeWork Inc. owning the remaining 27% in the Indian entity. In 2021, WeWork Inc. invested $100 million in WeWork India.
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Karan Virwani, Managing Director and CEO, said, “We are excited to welcome Jitendra Virwani, Acharya, Ahmad, and Sahney to the WeWork India Board, along with Manoj Kohli, who has been a huge source of support for us. Our strengthened Board brings together individuals with experience in real estate, sustainability, finance, and technology. Their governance expertise and track record with high-growth companies will provide invaluable insights. This leadership structure strengthens our foundation and positions us to drive sustainable growth across all aspects of our business.”
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